NAIROBI, Kenya, Feb 25 – A strong capital base and cautious investment strategy have earned Liberty Life Kenya and Heritage Insurance Kenya an AA+(KE) financial strength rating from Global Credit Ratings (GCR).
The two insurers, subsidiaries of Liberty Kenya Holdings, received the rating with a stable outlook, reflecting their ability to meet policyholder obligations even during economic pressure.
GCR said the rating is supported by strong capital levels and high liquidity.
Most of the companies’ investments are held in cash, bank deposits and government securities, which are considered lower risk and can be accessed quickly to settle claims.
The assessment also factored in the strategic link to Standard Bank Group.
Credit ratings give customers and investors an independent view of an insurer’s financial health.
This is particularly important for long-term products such as life cover and pension plans, where policyholders depend on the insurer’s stability over many years.
Liberty Kenya Holdings Chief Executive Officer Kieran Godden said the rating reflects the group’s financial position.
“This rating reflects our commitment to financial discipline and protecting policyholders’ interests,” he said.
“For our customers, it confirms our financial stability and our ability to support them when it matters most.”
GCR noted that the group’s earnings have improved, supported by careful investment management and risk controls.
The agency expects capital and liquidity levels to remain strong in the near term, providing stability for policyholders.
